PanamaTech Partners With webMethods to Deliver Integration Platform to the Mid-Market; Partnership Leverages PanamaTech's Outsourced Platform and Transaction Management Services

Business Wire, April 19, 2001

Business Editors/Hi-Tech Writers

PRINCETON, N.J.--(BUSINESS WIRE)--April 19, 2001

PanamaTech, a provider of outsourced business-to-business integration services, and webMethods, Inc., the leading provider of integration software solutions, today announced a platform alliance agreement to deliver integration solutions to mid-market enterprises.

Companies will now be able to rapidly implement an outsourced integration solution that will include a clearly defined conversion process to an in-house webMethods implementation.

Through this alliance, PanamaTech brings webMethods' market leadership to companies lacking the resources to support an in-house integration solution. The two companies will work closely together to generate new sales, manage referral and conversion opportunities, and will participate in joint sales and marketing programs.

"Our partnership with webMethods, allows us to provide companies with a unique service that supports their immediate B2B integration needs without sacrificing their ability to scale," said Yaron Inbar, President/COO of PanamaTech. "PanamaTech's comprehensive solution and unique pricing model open the door to mid-market companies that have struggled to participate in the B2B environment."

"PanamaTech's outsourced service offering compliments our existing strategy," said Philip Leong, Manager of Platform Alliances for webMethods. "This relationship has exciting potential and will drive the pervasiveness of webMethods' technology beyond the Global 2000."

About PanamaTech

PanamaTech provides a gateway for mid-size enterprises to access fully integrated B2B transaction management services. Our outsourced B2B Integration Solution is based on webMethods' proven technology and provides full integration with all trading partners, without the expense of deploying or maintaining the underlying infrastructure.

Our services leverage the most powerful integration tools available today that provide supply chain efficiencies and significant revenue opportunities.

Please visit www.panamatech.com.